Reduce interest rates to boost housing demand: Realtors

Real estate developers said that RBI’s decision to cut cash reserve ratio (CRR) will help improve the liquidity position of various sectors, including realty, but felt that interest rates should be brought down to boost housing demand.
“The CRR cut will bring in liquidity. It will help the real estate market which is cash starved. However, it is important to see the interest rate shall have to come down to facilitate the home seekers to buy homes,” Confederation of Real Estate Developers’ Association of India (CREDAI) President Lalit Kumar Jain said in a statement………………………………………..Full Article: Source